Of course, what is happening now on the market is called an economic bubble. More and more friends ask me, for advice about how to buy bitcoin, and you know? - They buy it. Btw they are not familiar with cryptocurrency and not confident Internet users.
The rise in prices provokes even greater demand, which in turn provokes an even greater price increase - this is called a bubble! And it will burst, look at the capitalization of most of altcoins, they do not have any fundamental indicators, why the capitalization of IOTA 14 billion? This is not a bubble?
The bubble will burst when more than 90% of investors realize that the coins they hold will not fulfill their promises during ICO, and this moment is already approaching.
Find out more in detail why this is bubble from my article: https://steemit.com/blockchain/@unum/if-there-is-a-bubble-on-the-current-cryptocurrency-market-then-when-will-it-burst